Part 60, page 125

Transcript

The scan is the source; the transcript is machine-generated from it.

of an excess of one year. There have been encumbrances against the [REDACTED] exceeding the sum of [REDACTED]

On October 22, 1969, there was a petition relieved to compromise controversy. This concerned the [REDACTED] in question and I quote from the body of this motion: "Nature of controversy. [REDACTED] the [REDACTED] [REDACTED] as vendees executed a real estate contract with one [REDACTED] as vendor, for the purchase at a price of [REDACTED] on or before January 2, 1971, and a [REDACTED] interest per annum due January 2, of each year. The real property which is a subject of this dispute is more particularly described as follows." The legal description is the one that was described just a few paragraphs above and is the [REDACTED] in question.

Shortly thereafter, the [REDACTED] commenced to improve the subject real property by building a [REDACTED] thereon with an adjoining [REDACTED] In doing so, he borrowed money and purchased on credit and incurred a substantial indebtedness. On [REDACTED] a point in time after the subject real property was substantially improved, the [REDACTED] assigned their interest under their real estate contract to the [REDACTED]

[REDACTED] now claim title to the subject real property on the basis of the [REDACTED] assignment. More than a year later, namely [REDACTED] the [REDACTED] [REDACTED] The [REDACTED] for the trustee then goes on into lengthy legal explanations why the trustee should become involved in this particular controversy, because of various legal theories of [REDACTED] of property in regards to the [REDACTED] hearing.

The [REDACTED] was served with a subpoena duces tecum on March 7, 1969 at what appears to be Grand Canyon, Arizona.

The [REDACTED] testified on November 6, 1968, in a [REDACTED] hearing. He indicated that he was presently residing in a town called Grand Canyon at the [REDACTED] [REDACTED] He indicated that he was a [REDACTED] for a construction company, which was putting a pipeline along the side of the canyon wall from one side of the canyon to the other. He indicated that it was an 8-inch aluminum water pipeline, and it was all done with helicoptors. He said that the pipeline started from Arrow Springs and goes nine miles down Bright Angel Canyon across

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DB Cooper-24789